Announced Fri, 19 Jun · 14:17 IST
Reliance's Jio Platforms files DRHP for proposed IPO
RELIANCE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-0.5%1-day move
₹1331.70
prior close
₹1332.10
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-1.4-1.5-1.6-1.1-0.5-1.9-1.4-1.1-2.4-1.9-2.7-0.7——
Up moveDown movePending
AI summary
Reliance Industries' material subsidiary Jio Platforms has approved its Draft Red Herring Prospectus for a proposed IPO. The offer is a fresh issue of up to 27 crore equity shares of Rs. 10 face value, priced via book building under SEBI rules. The IPO is subject to regulatory approvals. Jio Platforms houses Reliance's digital and telecom businesses.
Likely market impact
A Jio Platforms listing could unlock standalone value for the digital business and create long-term value for Reliance shareholders.